Treatement of stcg on shares on which stt paid

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Vaibhav (Querist)
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29 May 2014 i have sold some shares which i have bought 15 days back and gained some amount. what is the treatement for the same the other thing i have done is sold shares which i have bought in 2008 with stt and incurred loss what is the treatement of both the transaction alongwith what if my annual income is below basic exemption limit

Nikhil Kaushik

Nikhil Kaushik (Expert)
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01 June 2014 for the short term capital gains, they shall be taxable at 20% under 111A. for shares bought in 2008 and sold now, you need to ignore the losses as they cannot be set off against any income.

since your overall income is below basic exempted limit, there wont be any tax liability.

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